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Candle Power Pro

70 USD

Demo downloaded: 1 054

Published: 26 December 2017

Current version: 1.6

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Overview
Reviews (7)
Comments (93)
What's new

Candle Power Pro

Name: Candle Power Pro
Price: 70.00 USD
Rating: 4.3333335 (6 reviews)
Author: Thushara Dissanayake

4.33

Indicators
Thushara Dissanayake
Version: 1.6
Updated: 13 August 2023
Activations: 20

Unlock the power of real volume information with the Candle Power Pro indicator. This dynamic tool captures the actual volume data for each candle and presents it as a percentage of the total volume. By doing so, it empowers you to discern the ongoing struggle between buyers and sellers in the market.

The Candle Power Pro displays the battle between buyers and sellers as a percentage of the total volume, giving you valuable insights into market dynamics. You can easily confirm breakouts by analyzing the volume of buyers and sellers, ensuring more accurate entry and exit points. Additionally, you can utilize the volume of buyers and sellers to confirm trends, increasing the reliability of your trading strategy. Moreover, you can identify trend reversals by analyzing changes in the volume of buyers and sellers, allowing you to stay ahead of market shifts.

The indicator offers a range of features to enhance your trading experience. You can draw volume averages as lines for easy visualization and compare volume percentages with 19 other symbols for further analysis. The Candle Power Pro also employs colored candles based on volume percentage, enabling quick identification of market shifts. Mobile and popup alerts keep you informed of important market movements, while easy access to account information ensures quick reference.

By incorporating real volume information into your trading strategy, you gain valuable insights and improve your decision-making process. Don't miss out on this affordable and essential tool for any serious forex trader. Take advantage of the Candle Power Pro now and start trading smarter.

Parameters

Button Parameters - Activate/ Deactivate volume related features and customization ( Battle, Volumes, Average, Compare, Graph, Chart).
Battle Button Parameters

Bull/Bear Percentage Hit Level - Volume percentage level for alert.

Volumes Button Parameters

Volume Hit - Activate/ Deactivate volume hit arrow.
Volume Hit Level - Volume level for arrow.

Average Button Parameters

Volume Period - Averaging period for calculation.

Compare Button Parameters

Symbol List

Symbol 0-18 - List of symbols (EUR/USD = EURUSD etc...).

Chart Button Parameters

Range 1-5 - Percentage ranges for candle colors (90%-100% = Red color etc...)

Alert Parameters - Customize alerts for specific conditions.

Graphic Parameters - Customize visual appearance and colors.
Common Parameters - Configure general indicator settings.

more...

303

David T 2023.08.28 14:08 #

After downloading the demo and using it on Strategy Tester I immediately saw how this powerful indicator would greatly assist any trader by providing a VERY powerful confirmation of trade direction when used with price action. Not to be used as a stand alone system but together with some good knowledge of support/resistance or some SMC and makes taking a trade that more reassuring. I then proceeded to rent it for a month and immediately saw so far even after a few hours that what I saw in the tester held up in live markets. The developer was VERY open to my suggestions and was very pleasant to deal with. Very responsive. I honestly believe this is one of the best indicators I have ever found not only here on MQL5 but anywhere else online past and probably in the future and believe me I have seen hundreds if not thousands of indicators. Hidden Gem .

I have now upgraded to a full purchase. Seller VERY considerate and accommodating to my situation. Best seller I have dealt with honestly. Couldn't be more helpful. I am so thankful to him and now possess this fantastic indicator.

139

Anthony Baez 2023.08.14 01:55 #

Great Recent Update and provides great info for your confirmation in trades

362

Gregory Knobloch 2021.10.22 18:33 #

I really like it!

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The RSI Crossover Alert is a powerful notification system designed specifically for traders who utilize the Relative Strength Index (RSI) in their trading strategies. This indicator focuses on identifying RSI crossovers, which occur when the fast RSI line crosses above or below the slow RSI line. By combining these crossovers, the indicator effectively filters out false signals, allowing traders to make more accurate trading decisions. The RSI Crossover Alert offers several key features

30 USD

The Fibo Scalper Pro Expert Advisor is a powerful tool designed to automate popular Fibonacci Trading Strategies . It simplifies the trading process by automatically drawing and adjusting Fibonacci levels on the chart. This feature provides convenience and accuracy for traders who utilize Fibonacci retracements and extensions in their analysis. One of the key features of the Fibo Scalper Pro is its customization facility. It allows professional traders to enable or disable each Fibonacci level

30 USD

Extract Candle Power is a real time volume extractor indicator that provides valuable insights into the behavior of sellers and buyers during each candle. By analyzing the volume data, traders can make more informed decisions about market trends and potential reversals, surpassing the capabilities of traditional Moving Average indicators. This powerful tool allows you to extract and analyze the sellers and buyers volume of the current candle, as well as compare it with the volume of previous can

30 USD

Introducing Ms. Fibonacci , a powerful and free indicator designed to simplify the process of drawing and adjusting Fibonacci levels on your chart. This indicator automatically identifies and marks the new highest and lowest Fibonacci levels, ensuring accurate and precise placement. One of the key features of Ms. Fibonacci is its ability to draw Fibonacci levels correctly, point to point, and mark the corresponding price levels. This feature saves you time and effort, allowing you to focus on an

FREE

The Volume Percentage Line Graph is an indicator designed to provide volume data insights. It retrieves total volume information for each candle and presents it as a percentage of the overall volume. The indicator displays this data as graph lines in a separate window, allowing users to easily visualize the battle between buyers and sellers. One of the key features of this indicator is its ability to show the volume percentage as graph lines. By representing the volume distribution between selle

FREE

The Candle GAP indicator is an essential tool for traders utilizing Gap Trading Strategies as it automatically identifies candle gaps for each day of the week. A gap refers to a price level difference between the close and open of two consecutive days. This indicator recognizes four types of gap patterns: Common, Breakaway, Continuation, and Exhaustion. By incorporating this indicator into any chart, traders can validate their signals and enhance their trading decisions. One of the key features

FREE

The Three MA Alert indicator is an essential tool for traders who rely on the Moving Averages Crossover Strategy . It simplifies your trading life by sending notifications to your mobile device, email, and displaying pop-up alerts with sound whenever there is a crossover of three moving averages. By following this widely used technique, you can ensure that you are always on the right side of the trend and avoid trading against the prevailing market direction. With the Three MA Alert indicator, y

30 USD

Introducing Mr. Fibonacci , an amazing indicator designed to simplify the process of drawing and adjusting Fibonacci levels on your chart. This indicator offers exceptional customization options for professional traders, allowing them to draw any Fibonacci level with precision. Additionally, it provides mobile notifications, email alerts, and pop-up alerts when price enters Fibonacci levels, ensuring you never miss potential trading opportunities. Using this indicator, you no longer have to cons

30 USD

The Two MA Crossover is a powerful notification system designed specifically for traders who rely on the Moving Average Crossover Strategy . This fully automated indicator serves as a comprehensive alert system, ensuring that you never miss a crucial trading event. It sends notifications to your mobile device, email, and displays pop-up alerts with sound on your computer, all when it detects a moving average crossover based on your preferred parameters. One of its notable features is its compati

30 USD

The Pivot Bro technical indicator is a powerful tool designed to identify retracement areas using Pivot, Fibonacci, ATR, and ADR levels. It goes beyond that by also recognizing price action based reversal candlestick patterns . Additionally, the Currency Meter is a valuable companion for assessing the true strength of major currencies. By analyzing 28 currency pairs and displaying their strength on the chart with color changes, it enables traders to make informed decisions on entry and exit poin

30 USD

This technical indicator automatically identifies and analyzes price action using a variety of Reversal Candlestick Patterns on the chart. It conveniently draws arrow signs along with the corresponding pattern names, making it easy to spot the latest reversal candlestick patterns. With this indicator, you can quickly identify and compare chart analysis with previously identified candle patterns. The indicator includes a range of implemented candlestick patterns, both simple and complex, such as

30 USD

The Reversal Alert Pro indicator is a powerful tool designed to automatically detect reversal areas in the market. It offers convenient notifications sent directly to your mobile device and displays pop-up alerts with sound. By incorporating this indicator into your trading strategy, you can effectively filter trade positions. Furthermore, the indicator provides the option to utilize CCI, RSI, and Stochastic indicators to further refine the generated signals, enhancing its versatility and applic

30 USD

The Currency Strength 7 technical indicator is a powerful tool designed to help traders gauge the strength of the seven most popular currencies. By analyzing the strength of AUD, USD, EUR, GBP, JPY, CHF, and CAD, this indicator provides valuable insights into currency dynamics. It represents currency strength on the chart using lines, allowing traders to quickly assess the relative strength of different currencies. One of the standout features of this indicator is its ability to draw an extended

30 USD

The Crossover Action Expert Advisor is an advanced tool designed to automate one of the most popular trading strategies, the M oving Average Crossover Strategy . With its intuitive interface and powerful features, this expert advisor takes the complexity out of manual trading and executes trades automatically based on moving average crossovers. One of the key features of this expert advisor is its proper risk management system, ensuring that trades are executed with appropriate lot sizes and max

30 USD

The CCI Action Expert Advisor is a powerful tool designed to automate the CCI (Commodity Channel Index) Strategy , allowing traders to capitalize on CCI level touches. With its user friendly settings and robust risk management system, this EA provides a reliable and efficient solution for traders looking to incorporate the CCI indicator into their trading approach. One of the key features of this Expert Advisor is its proper risk management system, which helps traders maintain control over their

30 USD

The News Robo Expert Advisor is a powerful tool designed to assist news traders in opening pending orders with hidden stop loss during news releases. It offers several features that enhance your trading experience and protect your trades. One of the key features of News Robo is the hidden stop loss, which is ideal for news traders who prefer to conceal their stop loss from market maker brokers. The stop loss is automatically revealed once a profitable position is achieved, allowing you to secure

30 USD

The RSI Action Expert Advisor is a powerful tool that automates popular RSI (Relative Strength Index) strategies, allowing for efficient and accurate trading. By utilizing overbought and oversold levels, this EA identifies optimal entry points for buy and sell orders. It also offers various signal filtering options to enhance trading precision, including RSI reversal points, pending orders, major trend identification, and Moving Average Crossover signals. Additionally, it incorporates a modern

30 USD

Introducing the TPSL Driver Utility , a powerful tool designed to enhance your trading experience by automating Stop Loss and Take Profit management. This utility caters to every trader who desires seamless order management and advanced profit protection techniques. With the TPSL Driver Utility, you have the flexibility to choose between two modes of order management: Hidden and Visual. The Hidden mode allows you to hide the Take Profit and Stop Loss levels, providing a discreet approach to mana

30 USD

Introducing the Entry Point , a powerful technical indicator designed to provide Buy/Sell notifications. This indicator analyzes 5 moving averages, CCI, RSI, Stochastic, Bill Williams, and volume indicators across 3 different time frames to generate accurate signals. It offers unlimited customization options for professional traders, allowing them to tailor the indicator based on their experience and strategies. The Entry Point sends signals to users via mobile devices, email, and pop-up alerts

50 USD

Introducing the Entry Point Dashboard Ultimate , a powerful technical indicator designed to provide Buy/Sell notifications for 6 currency pairs. This indicator analyzes 5 moving averages, CCI, RSI, Stochastic, Bill Williams, and volume indicators across 3 different time frames to generate accurate signals. It offers unlimited customization options for professional traders, allowing them to tailor the indicator based on their experience and strategies. The Entry Point Dashboard Ultimate sends sig

50 USD

Introducing the Fibo Channels Ultimate technical indicator, a powerful tool designed to revolutionize your Fibonacci trading strategy. With its advanced functionality, this indicator automatically draws all past Fibonacci channels on your chart, saving you time and effort. What sets the Fibo Channels Ultimate apart is its exceptional customization capabilities, allowing professional traders to draw any Fibonacci level they desire. This level of flexibility ensures that you can tailor the indicat

30 USD

The Crossover Tactics Ultimate Expert Advisor is a powerful tool designed to automate popular Moving Average Crossover Strategies . It excels at identifying optimal entry points based on the intersection of three moving averages, while employing advanced filtering techniques to enhance the reliability of signals. However, what sets this EA apart is its comprehensive trade management system, known as the TPSL Driver Utility algorithm. One of the standout features of this expert advisor is its abi

30 USD

Introducing the DFP Reconnoiter Ultimate , a technical indicator specifically designed for Daily Fibonacci Pivot Strategy traders. This indicator incorporates standard Fibonacci retracements, daily Pivot levels, Candlestick patterns, ATR and ADR levels to identify reversal and exit areas, resulting in well-timed entries. Key Fibonacci retracement levels of 38.2%, 50.0%, or 61.8% are preferred in conjunction with the daily central pivot. The strategy involves monitoring the Average True Range (AT

90 USD

The Currency Heat Wave Ultimate technical indicator is a valuable tool that provides traders with real time insights into the strength of major currencies. With its analysis of 28 currency pairs, it offers a comprehensive overview of currency strength directly on the chart, making it incredibly convenient to use. By dynamically changing colors, it enables traders to quickly identify the positions of currencies and make informed decisions. One of the notable features of Currency Heat Wave is its

30 USD

The Exit Area Ultimate is a technical indicator designed to enhance trading decisions by indicating the daily Average True Range (ATR) and Average Daily Rate (ADR) levels on the chart. By understanding these levels, traders can easily assess the average movement of an asset throughout the day. This versatile indicator serves multiple purposes for day traders, aiding in order placement, identifying intraday tendencies, setting trailing stop loss levels, and establishing daily take profit levels.

30 USD

Filter:

303

David T 2023.08.28 14:08 #

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Reply from developer Thushara Dissanayake 2023.08.29 15:11 #

Thank you so much for taking the time to share your detailed and positive experience with the indicator! I'm thrilled to hear that you've found it to be a valuable tool in confirming trade directions alongside price action. Your insights about using it in conjunction with support/resistance or SMC are truly valuable. It's fantastic to know that the indicator's performance in live markets aligns with your observations in the Strategy Tester. I greatly appreciate your kind words about my responsiveness and openness to suggestions. I'm always dedicated to refining the indicator to meet the needs of traders like you. Your review truly makes my day, and I'm honored to have this indicator labeled as a "Hidden Gem." Thank you again for your support and for recognizing the efforts put into creating a useful tool. If you ever have more ideas or feedback, feel free to reach out. Happy trading!

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Anthony Baez 2023.08.14 01:55 #

Great Recent Update and provides great info for your confirmation in trades

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Reply from developer Thushara Dissanayake 2023.08.14 03:25 #

Thank you for your kind words! I'm thrilled that you're finding the recent update to be valuable and informative for your trading decisions. If you have any questions or need further assistance, feel free to reach out. Happy trading!

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ROBERT EDWARD BIRD 2023.01.09 01:10 #

Rented but am a little disappointed. The EA does not reflect what's shown in the video. It's different. Buy/sell arrows do not appear. Candle power seems to mean nothing. Example, it could read 90bull 10 bear and it goes in the bear direction. Not finding this to be helpful at all. Perhaps the author can help figure this out. Happy to edit review if I'm using this wrong

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Reply from developer Thushara Dissanayake 2023.05.04 19:46 #

I apologize for the disappointment you've experienced. The video you watched was based on an older version of the Candle Power Pro indicator. Since then, I have made significant updates and improvements to the tool, and it's now at version 1.5. As you correctly pointed out, the Candle Power Pro is based on volume data, which can sometimes result in a situation where it shows 90% bull and 10% bear, yet the price goes in the bear direction. However, it's important to note that this is precisely the type of scenario where the tool can be most useful. The Candle Power Pro can help you carefully analyze volatile market conditions and make informed trading decisions. For example, when the price goes in the bear direction despite high bullish volume, you can pay closer attention to the next candle and see whether the buyers are still following the previous price's direction or not. If the next candle also shows a higher bull percentage but the price continues to move down, it could mean that buyers are still waiting for the previous direction. In the following candle, they might follow the new price direction with a higher bear percentage. This could indicate a reversal or a retracement, or it could be due to a news event. I'm here to help you with any issues you may be having. Please don't hesitate to reach out to me for further assistance. Thank you for your feedback.

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Gregory Knobloch 2021.10.22 18:33 #

I really like it!

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Serge Charbit 2021.02.11 21:47 #

bonjour, comment expliqueriez vous une bougie contraire a son pourcentage ?

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globetrotter777 2020.08.11 09:51 #

I usually don't comment on digital product but this is a good one... well done Thushara!

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Lev Vladimirovic Marushkin 2019.11.13 12:51 #

Very useful tool! Author is very friendly and plans some great improvements for the next version. Happy buyer here so far :)

Update: Testing new version 1.3 right now. So far i am blown away by this indicator! So easy to see the TRUE trend of the market. And i love the fact that now we can simply click directly on the chart and see what we want to see. The new panel is really a masterpiece. Support is worldclass too. Thank you Thushara!

Version 1.6 2023.08.13

1. Customizable font sizes for improved readability.
2. Integration of key tools: Fibonacci, Pivot, ATR, and Channel.
3. Enhanced toolbar for easy tool activation/deactivation via double-click.
4. Improved volume hit alert system, now compatible with all timeframes.

Version 1.5 2023.05.04

1. Product logo updated.
2. Input feature added to enable/disable toolbar.

Version 1.4 2020.04.24

1. Added alert for user define volume percentage level (Bull/ Bear)
2. Added alert for user define volume level
3. Show arrow on the candle that meet user define volume level
4. Change and added input parameters

Version 1.3 2019.12.04

1. Optimized complete algorithm for fast activity.
2. Added buttons for quick action.
3. Added standard volume indicator.
4. Added volume average indicator.
5. Added volume percentage line graph indicator.
6. Added candle color change activity by volume percentage.
7. Increased data on multi pair volume indicator.
8. Changed input parameters.

Version 1.2 2018.09.20

1. Updated the product logo.

Version 1.1 2018.03.27

1. Use separate indicator window.
2. Add more extra symbols for show volume data.
3. Fixed few bugs that related to double numbers and type of brokers.